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Notes and Other Receivables (Tables) | 3 Months Ended
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Mar. 31, 2022
Receivables [Abstract] |
Notes and Other Receivables | Notes and other receivables consist of the following as of March 31, 2022 and December 31, 2021 ($ in thousands):
| March 31, 2022 |  | December 31, 2021
Notes receivable, secured, bearing interest at 10.50%, due February 2023 (Originated March 2020) | $ | 17,513 |  |  | $ | 17,051 |
Note receivable, secured, bearing interest at 9.00%, due December 2023 (Originated November 2020) | 88,746 |  |  | 87,365 |
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020) | 30,614 |  |  | 29,729 |
Related party note receivable, secured, bearing interest at 2.15%, due March 2022 (Originated September 2021) (1) | — |  |  | 29,314 |
Related party note receivable, secured, bearing interest at 2.30%, due April 2022 (Originated October 2021) (2) | — |  |  | 30,399 |
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (3) | — |  |  | 62,058 |
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (4) | — |  |  | 48,562 |
Related party note receivable, secured, bearing interest at 1.35%, due March 2022 (Originated February 2022) (5) | 32,788 |  |  | — |
Notes and other receivables from affiliates (6) | 7,074 |  |  | 6,556 |
Straight line rent receivables (7) | 13,482 |  |  | 15,523 |
Other receivables | 15,904 |  |  | 15,232 |
Allowance for credit losses | (701) |  |  | (756) |
Total notes and other receivables | $ | 205,420 |  |  | $ | 341,033 |
(1) In January 2022, the Company received cash of $29.2 million to payoff the principal of this note receivable. (2) In January 2022, the Company received cash of $30.3 million to payoff the principal of this note receivable. (3) In January 2022, the Company received cash of $61.9 million to payoff the principal of this note receivable. (4) In January 2022, the Company received cash of $48.4 million to payoff the principal of this note receivable. (5) See Note 6, Related Party Transactions, for additional details. (6) These amounts consist of short-term loans outstanding and due from various joint ventures as of March 31, 2022 and December 31, 2021, respectively. See Note 6, Related Party Transactions, for additional details. (7) These amounts are receivables from lease concessions recorded on a straight-line basis for the Company's operating properties.
Schedule of Allowance for Credit Loss | The following table presents the activity in the allowance for credit losses for notes and other receivables by loan type ($ in thousands):
| Mezzanine Loans |  | Bridge Loans |  | Total
Balance at December 31, 2021 | $ | 671 |  |  | $ | 85 |  |  | $ | 756 |
Provision for credit losses | 14 |  |  | (69) |  |  | (55) |
Balance at March 31, 2022 | $ | 685 |  |  | $ | 16 |  |  | $ | 701 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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